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Business cash deposits down by over 40% annually, says Post Office

February 9, 2021, 12:04 am A Post Office queue in May 2020. The amount of cash deposited by businesses using Post Office branches plunged by 40% in January compared with a year earlier (Dominic Lipinski/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up The amount of cash deposited by businesses using Post Office branches plunged by 40% in January compared with a year earlier. Business cash deposits were down by 40.7% to total £582 million in January, the Post Office said.

United kingdomMartin kearsleyPost officePost officesஒன்றுபட்டது கிஂக்டம்மார்டின் கியர்ஸ்லீபோஸ்ட் அலுவலகம்போஸ்ட் அலுவலகங்கள்

Post Office record £1 6 billion s worth of banking transactions in December

THE POST Office says customers deposited and withdrew more than £1.6 billion over the counter in December. Cash withdrawals totalled £640.7m, up 14 per cent on the previous month, and £978.6m in deposits, 1.3 per cent up on the same period. It was the highest amount of personal cash withdrawals over the counter for 2020. Martin Kearsley, director of banking, said: “Millions of people relied on cash to give as gifts or to ensure they had money for purchases in the run-up to Christmas.” In total during 2020, £19.6 billion was deposited and £7 billion was withdrawn.

Martin kearsleyமார்டின் கியர்ஸ்லீ

December was still a busy month for cash deposits and withdrawals – Post Office

December was still a busy month for cash deposits and withdrawals – Post Office
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United kingdomMartin kearsleyPost officeUnited kingdom wideஒன்றுபட்டது கிஂக்டம்மார்டின் கியர்ஸ்லீபோஸ்ட் அலுவலகம்ஒன்றுபட்டது கிஂக்டம் பரந்த

Business deposits at the Post Office fall 27 4% in December

The amount of money withdrawn over the Post Office counter last month was the highest it had been in all of 2020, but cash usage continues to lag pre-coronavirus levels. Around £641million was withdrawn by individuals in December, the most since £634million was withdrawn in March, while personal and business withdrawals totalled £664million, data from 11,500 Post Office branches shows. Many now rely on the network for their money, with bank and building society branch closures in villages and towns across the country, along with dwindling numbers of cash machines making it the only viable option. But despite bouncing back after the November lockdown withdrawal figures remained lower than those seen in the same month in 2019, with the amount taken out down 9 per cent.

United kingdomUnited kingdom generalMartin kearsleyJohn howellsMike cherryOffice cash trackerFederation of small businessesPost officeSmall businessesPost office cashPost officesMo neyஒன்றுபட்டது கிஂக்டம்ஒன்றுபட்டது கிஂக்டம் ஜநரல்மார்டின் கியர்ஸ்லீஜான் ஹோவெல்ஸ்

Post offices still see busy month for cash deposits and withdrawals

Post offices still see busy month for cash deposits and withdrawals Print 12th January 2021 Some £640.7m was withdrawn by people over the counter from Post Office branches in December, the highest monthly total in 2020, new data reveals. The latest Post Office Cash Tracker shows the December figure was up 14% on November when much of the UK was in lockdown. In addition, personal cash deposits totalled £978.6m, up 1.3% on November. Business cash deposits at Post Office’s 11,500 branches were up 9.6% month-on-month in December, totalling £788.3m. Overall, cash deposits and withdrawals by personal and business customers amounted to £2.4bn in December. This was just under 10% down in value from this time last year despite lockdown restrictions across the UK impacting small businesses and the cash-reliant hospitality sector.

United kingdomMartin kearsleyOffice cash trackerPost office cash trackerPost officePost officesஒன்றுபட்டது கிஂக்டம்மார்டின் கியர்ஸ்லீஅலுவலகம் பணம் டிராக்கர்போஸ்ட் அலுவலகம் பணம் டிராக்கர்போஸ்ட் அலுவலகம்போஸ்ட் அலுவலகங்கள்